PALM BEACH, Florida, December 1, 2016 /PRNewswire/ --
A fundamental shift in customer attitudes towards ready-to-drink beverages and sodas and how beverage stocks are able to adapt, may just fuel potential success and making a difference between fast overall volume gains versus the opposite effect of near-zero organic growth. Market news updates covering Monster Beverage Corp. (NASDAQ: MNST), Long Island Iced Tea Corp. (NASDAQ: LTEA), Ambev S.A. (NYSE: ABEV), National Beverage Corp. (NASDAQ: FIZZ) and Pepsico, Inc. (NYSE: PEP)
Long Island Iced Tea Corp. (NASDAQ: LTEA), a growth-oriented company focused on the ready-to-drink ("RTD") tea segment in the beverage industry, today announced that it has secured placement of its flagship brand Long Island Iced Tea® in all 16 SuperMax locations across Puerto Rico. This new partnership with SuperMax is the result of the Company's recently announced distribution agreement with Tres Monjitas, one of the premier beverage distributors in Puerto Rico. Read the full LTEA Press Release and more news at: http://marketnewsupdates.com/news/ltea.html
Philip Thomas, Chief Executive Officer of the Company, stated, "We are very excited to further enhance our brand and distribution in Puerto Rico through this new partnership. SuperMax is a large and well-known retailer in Puerto Rico, and we look forward to providing their customers with our high-quality beverages at an affordable price." Long Island Iced Tea® is a RTD tea that will be available in SuperMax in 20 ounce bottles.
For a complete insight into LTEA operations go to this free, independent report: http://investmentresearchreport.com/LTEA/?=fn Source: ALG Financial
In other Beverage Stocks developments and happenings in the market:
Monster Beverage Corporation (NASDAQ: MNST) at the beginning of this month reported financial results for the three- and nine-months ended September 30, 2016. Third Quarter Net Sales Rise 4.1 percent to $788.0 million; Third Quarter Diluted Earnings per Share Increase 17.5 percent to $0.99 per share. Rodney C. Sacks, Chairman and Chief Executive Officer, said: "We are pleased to report continued progress on the implementation of our strategic alignment with Coca-Cola bottlers internationally. We transitioned to Coca-Cola bottlers in Chile, Colombia, Mexico, South Africa and certain other countries in Africa during the quarter.
Ambev S.A. (NYSE: ABEV) closed even on Wednesday at $4.99 trading well above the average volume with over 30 Million shares traded by the market close. Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments
National Beverage Corp. (NASDAQ: FIZZ) this month stated that with revenues and cash flow growing exponentially, its Board of Directors has considered a range of options to maximize shareholder returns. As a first step in this program, the Company has declared a cash dividend of $1.50 per share to shareholders of record on November 28, 2016. Payment date for this distribution shall be on or before January 27, 2017. Further, the Board has approved in concept an additional cash dividend, in an amount to be determined, to holders of record prior to the end of the current fiscal year. In addition to the cash dividends, the Company plans to develop a program to increase distribution to shareholders based on the length of time they have owned their shares - one could describe this as a loyalty program.
Pepsico, Inc. (NYSE: PEP) and Papa John's International, Inc. (NASDAQ: PZZA) announced the kickoff of the 'Halftime of a Lifetime' promotion this week, giving fans a once-in-a-lifetime opportunity to get a front-row seat at the Pepsi Zero Sugar Halftime Show at Super Bowl LI. Every NFL gameday from now through December 25, consumers who purchase two medium one-topping Papa John's pizzas and a two-liter Pepsi-Cola beverage will receive a promotional code to be entered for a chance to win an epic Super Bowl experience including VIP game tickets, sideline passes to the Pepsi Zero Sugar Halftime Show and access to one of the hottest Super Bowl LI parties.
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